great depression & new deal

Question 1

bear market

Answer 1

prolonged drop in investment prices

Question 2

bull market

Answer 2

a prolonged growth in investment prices

Question 3

general themes of great depression

Answer 3

• unstable economy (uneven distribution of wealth)
• overspeculation
• government policies (federal reserve cut rates to spur growth) - limited money supply

Question 4

dow jones industrial average

Answer 4

average stock prices of major industries

Question 5

black thursday vs black tuesday

Answer 5

Black Thursday = start of crash
black Tuesday = end of crash

Question 6

agricultural marketing act

Answer 6

created federal farm board
- stabilize crop rpices
- failed, could not prevent overproduction

Question 7

POUR

Answer 7

national fund drive for unemployment relief

Question 8

RFC

Answer 8

reconstruction finance corporation
- gave government credit to INDUSTRY and INSURANCE INSTITUTIONS

Question 9

home loan bank act

Answer 9

discounted mortgage rates helped farmers and home owners

Question 10

election of 1936

Answer 10

new deal made him popular among workers and farmers
- vs alf Landon who supported ND but criticised excess spending

Question 11

struggles of new deal

Answer 11

• bankers decided which banks to open
• farmers operated farm control
• biz exerted influence over NRA industrial codes
• state agencies administered relief

Question 13

glass steagall act

Answer 13

increased bank regulation, limited how banks could invest consumer money (signed fdic) – guaranteed individual banking deposits & boosted confidence in banks

Question 14

holc

Answer 14

home owners loan corporation

refinancing homes to prevent foreclosure

Question 15

farm credit admin

Answer 15

• low interest loans and mortgages preventing foreclosure of property of indebted farmers